TI Domestic Appliances
Part of Tube Investments
1986 Under a new chief executive, TI Group's strategy became one of concentrating on specialized engineering activities; the businesses producing domestic appliances and low margin goods were to be sold[1]
1986 TI sold Russell Hobbs and Tower Housewares to Polly Peck[2]
1987 The division included Creda electric cookers, Parkray solid fuel appliances and Glow Worm gas appliances when it was put up for sale by TI[3]
1987 TI sold its home heating division, Glow Worm Boilers and Parkray, to Hepworth Ceramic Holdings[4]
1987 TI Group sold its New World division to Birmid Qualcast; New World was the largest cooker maker in Britain[5]
1987 GEC was cleared by the Monopolies and Mergers Commission to acquire TI Creda, TI Creda Manufacturing, TI Airdun, TI Jackson and TI Domestic Appliances[6]